Chris Liss on Nostr: I don’t think it’s a settled question whether regulation and “legalization” ...
I don’t think it’s a settled question whether regulation and “legalization” is a Trojan Horse for censorship, or bitcoin is a Trojan Horse for the entire legacy financial system.
With greater adoption this was always coming, in fact it was best case scenario because the alternatives were either it were killed before it got this big, or it never got this big because it didn’t catch on.
We’ll see what happens. The legacy system is fucking around, and all of us will find out, one way or the other.
I don’t think the state is all powerful. It has to work around the rights for which people stand up and the technology that enables those rights.
With greater adoption this was always coming, in fact it was best case scenario because the alternatives were either it were killed before it got this big, or it never got this big because it didn’t catch on.
We’ll see what happens. The legacy system is fucking around, and all of us will find out, one way or the other.
I don’t think the state is all powerful. It has to work around the rights for which people stand up and the technology that enables those rights.
quoting note1gfr…2pm0Former presidential advisor Pippa Malmgren on the legalization of Bitcoin:
"If you make crypto and Bitcoin legal [...] you can't hold them anonymously, you have to declare them."
"You're not going to be able to escape the reach of the US Government. [...] And because we're in the data age, you can't have Bitcoin accounts that nobody knows about."
"It's on your phone, its detectable, and again, we've got a government now full of tech bros that know how to read your digital twin incredibly easily."
Legalization always has been a Trojan Horse for censorship.